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What are the main characteristics of the market system and how does the market system answer the five fundamental questions?
Pick an entertainer or well know celebrity (sports – Music – Movies). Find out their income and net worth. Pick a fortune 1000 company executive of a manufacturing firm. Contrast their incomes and net worth and contribution to GDP, exports, employmen..
Explain the role of the Federal Reserve, who monitors it and is it effective in its job? Evaluate one of the strategies of the Federal Reserve.
According to Phillip’s curve theory, what happens in the long run if there is no government or fed intervention for an inflationary gap? How do expectations of inflation change and how is this illustrated using the Phillip’s curve graph?
Elucidate why a currency appreciation does not improve a nation's balance of trade.
a. What was gross foreign investment in this nation last year? b. What was net foreign investment in this nation last year?
A refrigerator sold for $500. The store financed the refrigerator by charging 0.5% monthly interest on the unpaid balance. If the refrigerator is paid for with 30 equal end-of-month payments: What will be the size of the monthly payments?
Amanda is entering her last year in college. Her tuition is $15,000 for the year, and she paid for it with her savings which were earning 5% interest. If she graduates with a degree, she will find a job paying $50,000 a year. What are the benefits an..
By how much (in real dollars) has the long run aggregate supply curve shifted to the right from one year to the next? Round your answer to two decimal places.
Why would a government balanced budget be bad for the economy, the people, and the federal government itself. Please cite references. Need this ASAP!
Suppose the demand function for a firm’s product is given by ln QXd = 7 - 1.5 ln PX + 2 ln PY - 0.5 ln M + ln A where: Determine the own price elasticity of demand, and state whether demand is elastic, inelastic, or unitary elastic. Determine the own..
If public opinion surveys show that the majority of Americans regard inflation as a more serious threat than unemployment: Does this imply that the majority of Americans would rather be unemployed in a period of stable prices than employed in a time ..
You are the president of a commercial bank that is also a member of the federal Reserve System, and you wnat to increase your bank's reserves. but you currently have negative excess reserves, how would you raise your bank's reserves? what effects wou..
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